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Real Estate and Development

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NOTABLE TRANSACTIONS: Mobile home park in Elkhart sold for $2.4 million

Elkhart MHP LLC, located in Spokane, Wash., paid McKinney Properties LLC $2.4 million for property at 1012 E. Walnut St. in Elkhart, Polk County real estate records show. The property includes Elkhart Vista Village, a …

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Nonprofit group wants to convert downtown hotel into housing for low-income adults

A decades-old hotel that overlooks downtown Des Moines could be converted to rental housing for low-income adults, city documents show.

The Des Moines City Council at its meeting today is scheduled to vote on providing …

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Federal courthouse auction extended to April 30, tour scheduled for April 22

The deadline for submitting bids for the historic federal courthouse in downtown Des Moines is 5 p.m. on April 30. Business Record file photo

The online auction for the historic federal courthouse in Des Moines …

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Changing tariff dynamics challenge commercial, construction sector as they build strategies for the future

Uncertainty surrounding the evolving tariffs environment is a chief concern as businesses in the commercial and construction sector try to develop strategies for navigating a path forward, industry experts said.

The U.S. enacted tariffs on …

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New JLL report illustrates growth in data center activity

Iowa and Nebraska have become emerging markets for data center development with an  anticipated 1,000 acres or more being acquired in the next 18 months for data center development, according to a report on national …

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NOTABLE TRANSACTIONS: Des Moines industrial properties sold for $6.25 million

Industrial properties in the southern part of Des Moines have been acquired by a local entity, Polk County real estate records show.

Susa Capital LLC, located in Waukee, paid Mid America Development Co. $6.25 million …

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New charter school Des Moines Prep wants close ties with business community

A building at 106 E. Locust St. in Des Moines is being remodeled so that it can be used for a high school. Des Moines Prep, a new charter high school, is expected to open…
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Permits issued for 11 new commercial projects in Des Moines area in January, February

Construction is underway in the Greater Des Moines area on 11 new commercial projects, including a 33-story high-rise in downtown and the next phase of the terminal project at the Des Moines International Airport, a …

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NOTABLE TRANSACTIONS: Bergman starts acquiring land for Grand Experience development

WDM South LLC, managed by developer James Bergman, paid W&G McKinney Farms LC $5.1 million for about 24 acres of farm ground along Grand Avenue near the MidAmerican Energy Co. RecPlex in West Des Moines, Dallas …

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Change in land-use designation sought for Butler Mansion property

The Des Moines City Council on April 7 will consider a request to revise the land use designation of property at 2633 Fleur Drive to allow a cultural and events center to operate on the …